Update Rollup 3 for Microsoft Dynamics CRM 2011 (KB 2547347) is now available on the Microsoft site, and can be downloaded from here: http://www.microsoft.com/download/en/details.aspx?id=26912
Details for this download can be found here: http://support.microsoft.com/kb/2547347
Microsoft is also released the CRM 2011 SDK update 5.0.5 to match rollup 3. It can be downloaded here:http://www.microsoft.com/download/en/details.aspx?id=24004
Microsoft continues its practice of trying to release updates and SDK updates every other month. Microsoft Dynamics CRM 2011 just continues to get better!